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Royal Insurance Corporation Of Bhutan Ltd. (Bhutan)

Main Activities: Insurance Agencies and Brokerages
Full name: Royal Insurance Corporation Of Bhutan Ltd. Profile Updated: January 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Company s principle activities is continued to be carrying on insurance business (life, non-life and reinsurance), Private Provident Fund, Annuity business, Group Insurance, brokerage services and lending business.
The Company provides Life Insurance, General Insurance, Financial Security and Services, CSredit and Investment and Reinsurance.
The Company is a Public Limited Company incorporated and domiciled in the Kingdom of Bhutan.
The Company was incorporated on 7th January 1975 under the Charter of His Majesty the fourth Druk Gyalpo Jigme Singye Wangchuk, primarily to meet the Insurance need of its citizens as well as to actively participate in the economic development of the nation.
The Company was subsequently registered in the year 1991 under the companies act of the Kingdom of Bhutan .
The Company has its registered office at Thimphu, Regional office at Phuentsholing and Branch Offices at Gelephu, Samdrupjongkhar, Trashigang, Mongar, Bhumthang, Khuruthang, Paro, Gedu and Samtse.
The Company has an excellent working relationship between the management and staff at all levels, and close coordination between the management and the staff has contributed to the success of the corporation over the years.
The Company changed its name from RICB to RICBL , by vertue of amendments made in its articles of incorporation duly endorsed by the registerar of companies with effect from year 2004.
The Company listed on the Royal Securities Exchange of Bhutan in 1993.
The Company has a wholly-owned subsidiary: RICB Securities Ltd.
The Company s website is www.ricb.bt , the email address is contactus@ricb.bt and the investor mail is feedback@ricb.bt

Headquarters
Thimphu, Post Box
Thimphu, Thimphu; Postal Code: 315

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Website: http://www.ricb.bt

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1975
Key Executives
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Outside Director
Ownership Details
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60.76%
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20.83%
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18.41%
Company Performance
Financial values in the chart are available after Royal Insurance Corporation Of Bhutan Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BTN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
4.22%
Operating profit (EBIT)
-64.8%
Net Profit (Loss) for the Period
-53.07%
Total assets
2%
Total equity
3.88%
Net Premiums Earned Trend
-55.91%
Net Profit Trend
N/A
Return on Equity (ROE)
-7.25%
Underwriting Expenses Ratio
1.35%

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